A key challenge in the catalytic conversion of CH 4 and CO 2 into a synthesis gas (CO and H 2 ) via the dry reforming of methane (DRM) is the development of stable catalysts. We demonstrate that the reductive exsolution of metallic Ru from fluorite-type solid solutions Sm 2 Ru x Ce 2−x O 7 (x = 0, 0.1, 0.2, 0.4) yields catalysts with high activity and remarkable stability for the DRM. The catalysts feature Ru(0) nanoparticles about 1−2 nm in diameter that are uniformly dispersed on the surface of the resulting oxide support. The exsolved material was investigated by synchrotron X-ray diffraction (XRD), X-ray absorption spectroscopy (XAS at Ru, Sm, and Ce K-edges), Raman spectroscopy, and transmission electron microscopy. In situ XAS-XRD experiments revealed that the exsolution of metallic ruthenium is accompanied by a rearrangement of the oxygen vacancies within the lattice. The catalysts derived through exsolution outperform (stable over 4 days) the reference catalysts prepared by wetness impregnation and sodium borohydride reduction. The superior performance of the exsolved catalysts is explained by their high resistance to sintering-induced deactivation owing to the stabilizing metal−support interaction in this class of materials. It is also demonstrated that the Ru nanoparticles can undergo redissolution (in air at 700 °C)−exsolution cycles.